
Why Start a Business? 6 Compelling Reasons to Take the Leap
Starting a business can be one of the most exciting and rewarding endeavours of your life. But why should you
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Feasibility Study Grants are available to help businesses evaluate the viability of new projects. To apply, follow these steps:
Example: Sarah used a Feasibility Study Grant to conduct market research for her new line of organic skincare products, leading to a successful product launch.
Innovation Vouchers provide funding to collaborate with knowledge providers on innovative projects. The process is as follows:
Example: Kevin’s software company partnered with a local university to develop a new AI algorithm using an innovation voucher. The collaboration resulted in a cutting-edge product that boosted sales.
Business Expansion Grants support companies looking to scale their operations. The application process includes:
Example: Rachel’s food processing company used a business expansion grant to increase production capacity, leading to significant growth in domestic and international markets.
The Internationalisation Grant helps businesses develop their export capabilities and enter new international markets. The application process involves:
Example: Laura’s tech startup used an Internationalisation Grant to establish a presence in the European market, funding trade show participation and marketing campaigns.
The Agile Innovation Fund supports rapid innovation projects. To apply:
Example: Mike’s tech company applied for the Agile Innovation Fund to quickly develop and test a new software feature, allowing them to stay ahead of competitors.
Microfinance loans provide small businesses with access to finance. The application process includes:
Example: Emma’s retail business secured a microfinance loan to purchase inventory for her new store, enabling her to meet customer demand and grow her business.
Starting a business can be one of the most exciting and rewarding endeavours of your life. But why should you
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